Core Viewpoint - Yuhua Tian plans to raise up to 1.5 billion yuan through convertible bonds to enhance its core business in urban and rural environmental services, focusing on the construction of a sanitation equipment configuration center and supplementing working capital [1][2][3] Group 1: Fundraising and Investment - The company intends to issue convertible bonds with a total fundraising amount not exceeding 1.5 billion yuan, with 1.147 billion yuan allocated to the sanitation equipment configuration center project [2][3] - The sanitation equipment configuration center project has a total investment of 1.672 billion yuan, focusing on the bulk purchase and centralized management of core sanitation equipment [2][3] - The remaining 353 million yuan will be used to supplement working capital, enhancing the company's bidding capabilities and operational resilience [3] Group 2: Business Growth and Financial Performance - Yuhua Tian has shown strong business expansion, with urban operation business revenue projected to reach 6.109 billion yuan in 2024, reflecting a compound annual growth rate of 18.87% from 2022 to 2024 [1][3] - In the first half of 2025, the company signed new contracts worth 10.367 billion yuan, a year-on-year increase of 150.47%, with total contracts on hand reaching 62.911 billion yuan [1][5] - Revenue for 2022 to 2024 was 5.394 billion yuan, 6.161 billion yuan, and 7.203 billion yuan, with respective year-on-year growth rates of 11.58%, 14.22%, and 16.93% [4][5] Group 3: Strategic Development and R&D - The company has established a national service network covering over 180 cities, enhancing its brand recognition in urban environmental services [4] - Yuhua Tian has committed to continuous R&D investment, with a total of 109 million yuan over three and a half years, supporting technological innovation [6] - The company is integrating technology resources through its subsidiary, Kandela Intelligent Technology, to form a complete ecosystem from R&D to manufacturing and marketing [5][6]